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Tom Ronk is a known bad actor - anyone getting involved with him must act with caution.
I know this is a very old post but there are some parts of this post that are inaccurate. First as a market maker when you are naked shorting a stock its usually against an order you are covered on at a higher price. Obviously these penny stocks don't all have ordered covering them a little higher up but they do still have to short from the open market. Someone must buy the stock for them to short and at least for us, when there is enough buyers in a symbol and its clear the stock is going to go, the powers that be will normally see the positions your holding and fore you to take the stock in. there are clearly less legitimate MM out there that are doing the things you mentioned but they aren't just creating stock for shorting. They are shorting it from the orders that come in. I think there should be a rule where they can only short a percentage of the average volume at one time or some kind of fair practice to stop hurting these new companies that get the attention they need once in a while and end up sizzling out because they are held down.
Thanks for the post
Frank
Leaked Cheating Texts That Will SHOCK YOU
CLICK HERE TO WATCH
Great online video of the crime of naked short selling
http://www.deepcapturethemovie.com
The Naked Truth?
http://online.barrons.com/article/SB50001424053111904184504577518792352585660.html#articleTabs_article%3D1
ex....
banksters cult rob 150 trillion plus and get away -
the 666 can do what ever they want to us slaves -
biggest mafia in the world -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70774248
the supreme highest court support the 666 100%
so they do what they want -
only silver bullets would go straight -
http://www.888c.com
God Bless
The shorters always win. They destroy companies and investor's equity without impunity. Longs can only make money on the runs and the spikes.
The SEC and FINRA rules favor the criminals and penalize the honest investors.
That being said, working with FINRA I have recently received $315 retribution money from NITE because they removed the BID when I went to sell.
FINRA does help occasionally, and being pro-active in fighting the shorting is important. Here is the best contact and phone number I have found for FINRA:
Marvin Ellis El
Investigator
Market Regulation
FINRA
9509 Key West Avenue
Rockville, MD 20850
Phone: (240) 386-5129
Fax: (301) 339-7146
Marvin.Ellis-El@finra.org
And
Patricia A. Clem
Assistant Director
Market Regulation
FINRA
9509 Key West Avenue
Rockville, MD 20850
(240) 386-5105
Pat.clem@finra.org
www.finra.org
Fantastic article. Thanks NYBOB.
Olandug,
Your comments or any feedback in reference to my following post would be greatly appreciated! Please correct me if I'm wrong...
I actually do wish to learn more.. I posted this on the RFMK Board earlier today:
Most "Longs" here literally have no idea just how much "Air" they own. Supposed to be DTCC "Chilled" stock, yet the NSCC, which reports daily Naked Short Sales, has quite the recent history of "Naked Short Selling" in RFMK. If I were a "LONG" here...
you bet your azz I'd be making a stink about this!!!!!
http://otcshortreport.com/RFMK
If people go into and read Finra's Rule 4320.. MM's can dump up to $50K in shares per week.. without immediate reconciliation being required.. All JMO of course!!!
This is a cut from Rule 4320...
(A) for which there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency of 10,000 shares or more and for which on each settlement day during the five consecutive settlement day period, the reported last sale during normal market hours for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more, provided that if there is no reported last sale on a particular settlement day, then the price used to value the position on such settlement day would be the previously reported last sale
I read above and it appears to me that up to 50G's of aggregate air shares can be dumped into "Any" non-reporting pinky on a weekly basis!
http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=9398
If RFMK has 400 Share Holders and each of them owned an average of 5M Shares... Guess what.. That would be 2B Shares.. hmmmmmmmmmm???
All JMO of course!!!
Accidentally Released - and Incredibly Embarrassing -
Documents Show How Goldman et al Engaged in
'Naked Short Selling'
POSTED: May 15, 5:39 PM ET
Read more: http://www.rollingstone.com/politics/blogs/taibblog/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-20120515#ixzz1vCaHYeT8
The big question: will Byrne stop funding "deep capture" and his other pet projects for ENSSFM theory propaganda? And, if so, will ESNNFM theory become marginalized, like NESARA and the people who believe in FEMA concentration camps?
Olandug, can you give me an example of naked shorts having to cover due to a Reverse Merger causing a cert swap?
No, that's a separate issue.
does this mean the nss has to cover before oct 3rd?
FINRA 4320 went into effect on Feb 28, 2011, which mandates 13-day buy-ins for open delivery failures and which applies to shares of non-reporting companies.
The Order Audit Trail System (OATS) is supposed to facilitate surveillance for compliance with Reg SHO. Why this hasn't been a priority depends on your level of cynicism. WHO benefits when the SEC/FINRA aren't watching? Anyway this is good news and I hope someone with credibility will surveil the surveillance.
does this mean the nss has to cover before oct 3rd?
http://www.finra.org/Industry/Regulation/Notices/2011/P122786
http://www.finra.org/Industry/Regulation/Notices/2011/P122786
FINRA Expands the Order Audit Trail System to All NMS Stocks
http://www.finra.org/Industry/Regulation/Notices/2011/P122786
The implementation date has been delayed to October 3, 2011.
Hitler Reacts To News He's Been Using...
..."Copyrighted" Stock Certificates In Illegal Short Selling Schemes!
http://meemsy.com/v/330
it didn't do jack. i understand the mms got a reprieve until oct 2011
Good stuff.
http://www.netcastdaily.com/broadcast/fsn2008-0531-3b.mp3
2008 broadcast
Suddenly people show up in a chat room and start pumping out false information, rumors, innuendo.
What's the motivation? To scare investors because they want to cover their short positions. This is manipulation. This is a felony.
Former SEC Chairman Pitt and Senator Bennett start at approx 60% into the audio. At least the SEC knows all the tricks.
2011: Progress, we hope.
Book mentioned:
http://search.barnesandnoble.com/Lost-on-Bay-Street/Alex-Doulis/e/9780978222130
Lost on Bay Street: I Came, I Saw, I Almost Conquered
by Alex Doulis
Investment Banker
Interesting piece I got from Mo1:
The SEC is cracking down on Bashers, Naked Short Selling and the info is below:
The info is sort of long but it is worth listening to. Hear former SEC Chairman, Pitts, U.S. Congressman and an attorney address their concerns over the manipulation of the Stock Market. If you Listen, please share with others:
Click Link
Hey Olandug, Here from another board,..Got limited on TADF for speaking the Truth!
NEGS- hoping next week this finally pops.
is that really a pic of you in your profile picture? if so.... stunning!
Regulatory Notice 11-03
FINRA Expands the Order Audit Trail System to All NMS Stocks
Effective Date: July 11, 2011
Executive Summary
The OATS order recording and reporting obligations in FINRA Rules 7410 through 7470 (OATS Rules) currently apply to orders for equity securities listed on the NASDAQ Stock Market and OTC equity securities. Effective October 3, 2011, FINRA will begin expanding, in three phases, the order recording and reporting obligations in the OATS Rules to include orders in all NMS stocks, in addition to OTC equity securities.
FINRA is also announcing that it has published an updated edition of the OATS Reporting Technical Specifications that details the reporting changes that will become effective starting October 3, 2011. The January 11, 2011, version of the OATS Reporting Technical Specifications is available on FINRA’s website at www.finra.org/oats.
Questions concerning this Notice should be directed to:
Legal Section, Market Regulation, at (240) 386-5126; or
Office of General Counsel, at (202) 728-8071.
For technical questions regarding OATS reporting, please contact the OATS Help Desk at (800) 321-6273.
The implementation date has been delayed to October 3, 2011.
Link: http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122785.pdf
It will make manipulation by the MM's much more difficult, especially if you have level 2.
For example a way of lowering the PPS is to put 5 shares on the bid but 5 million shares on the Ask. If you hit the bid, your order will likely not be filled but you will create a lower ASK. This lowers the PPS and is a manipulative practice. Such manipulation will be more obvious starting now.
There are hundreds of ways MM steal money from the public and this license to steal needs to be stopped and this is just one more thing that will get in these criminals way and help the honest investor in their investment decisions.
Thanks for posting this information. What effect, in your opinion, will this have on the OTCBB market?
Will we see less shorting? Less manipulation?
Thanks.
Good find, but that post is at least six years old.
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=9;t=000662;p=0
It may be that those principles of manipulation are timeless, but it would be good to see an updated MM-101 article based on the new SEC/FINRA regs.
The SEC is still shooting blind, IMO, but that may change when they can actually see what they're doing with software that doesn't care what markets are being analyzed and surveilled.
FINRA Expands the Order Audit Trail System to All NMS Stocks
Effective Date: July 11, 2011
Purpose: To facilitate surveillance for compliance with recent changes to SEC Regulation SHO.
MARKET MAKERS SHAKEDOWN: A MUST READ!!!!!!!!
MMs Practices exposed (somewhat)...This is from another poster who found this delicious breakdown of how the MMs put the screws to all who are weak and shake easily.
good reading..
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
SEC Approves Amendments to Establish Regulation NMS-Principled Rules for OTC Equity Securities
FINRA Regulatory Notice 10-42
The Securities and Exchange Commission has approved new Financial Industry and Regulatory Authority rules that extend certain Regulation NMS protections to quoting and trading of over-the-counter (OTC) Equity Securities. Effective February 11, 2011, these new rules: (1) set forth permissible pricing increments for the display of quotations and acceptance of orders, (2) require firms to avoid locking and crossing quotations within an inter-dealer quotation system, and (3) establish a cap on access fees imposed against a firm’s published quotation. Effective May 9, 2011, the new rules will require an OTC Market Maker, subject to certain exceptions, to display the full size of customer limit orders that improve the price of the Market Maker’s displayed quotation or that represent more than a de minimis change in the size of the Market Marker’s quote if at the best bid or offer.
FINRA Link: http://www.finra.org/industry/regulation/notices/2010/p122115
gran puta, de todo, de la cabesa ,
jijole ,mariachi,maricone,
pulmono,pinche detho.
i got "your name" tattoed on my "detho negro".
why do you want to have private
conversations with old grand pas?
something is wrong here!!!capisch!!??!!!
lolollissimo!!!!!!
raunchy toochy !!say hi to my trained
gila monster!!!
if you ever bothered to look with a fish finder you can see there are several hundred boats have gone down to davey jones locker there.
i have been doing penny stock before you ever grew hair.
Hey, old fart, now you are just trying to be rude. I am very well respected here. I never dissed or micturated on your dribble. You are just making things personal since I wanted to have a private discussion with you. Serve yourself. Your loss.
PS. Was it your little boat that sank and blocked the entrance to the harbor?
no, i give info ,for this message board about naked shorting,you come in and dis me ,you micturate on my info and then you want a private conversation ,then you are upset that i am venting? you are disenginuous and a blaggard to say the least. capisch? lololissimo!!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62357272
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62357272
get your non sequitor story {about nothing so far} straight, before you approach me with anything intelligent to discuss.
THANKS FOR PLAYING,THOUGH, HAVE A NICE DAY, NEXT?!!!
BY THE way the message board is not about us ,but rather dd about naked shorting, which you have supplied absolutely nothing.
but what do i know ,i am just a 60 year old lottoplayer, and you are the big experttrader right?
35
Location Ventura, California
Investment Philosophy Being able to recognize a pattern and getting in early.
Occupation Trading, Teaching, Healing, Websites
Interests/Hobby GOD, scuba, windsurfing, racing(swim,cars), tennis, golf, poker
Favorite Links Beat The Street Chatroom
i had a 42 foot chris craft in ventura harbour for a longer time than you have been a trader. so tell me what you know, novice.
It is obvious that you are using this board to let your frustations out. Feeling better yet?
"while the truncheon may be used in lieu of conversation,
words will always retain their power. "your fav saying copied and pasted right here.
"Why use periods if you don't use uppercase letters at the beginning of the sentence? " calling the kettle black?
i like to copy you!!!!lol!!!
did i miss your withold? you did something to me! what was it now? confession is good for your soul!
ignorant really.
Why use periods if you don't use uppercase letters at the beginning of the sentence?
scram beat it if you are not willing to share publically. i detest peeps like you.
I would rather discuss this in private. Please PM me your email if you wish to discuss this.
you don't make sense. explain yourself please.
" UBSS and NITE are only retail players. Be more concerned about non-retail MMs. "
show me on level2 non retail mms? pick out a stock and i will attempt to follow it on level2 with you,while you are explaining it to us. i am always open to learning something new even though i am 60 years old and have been following level2 before and since its inception.
rockin like it was 1999? too bad it ended may 2000 where they nssed everything back down.
http://stockcharts.com/freecharts/gallery.html?KCG
it would be nice to see these guys below $5 maybe .0001 is not good enough though. notice they got off of the nazz to the nyse
just so they couldn't get naked shorted by the marketmakers.
roger rhiney of scottrade fame is still president of knight?
notice scottrade is private ? to avoid naked shorting also?
78% of all trading in otc and pinks is knight and the wrecking ball crew. 7% of kcg is owned by td ameritraDE..
NOTE THE TARGET OF $5 ON THE BOTTOM XXOO CHART
Think of all the good that would result from bringing that money back into the hands of the investors from whom it was taken. Theink of the taxes that would be paid and thing of the boost for our economy and the jobs that might be created. The scumbags who continue to steal from investors via abusive naked shorting need to be prosecuted. It is way past time that that happened.
education is key
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39135982
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61101062
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_L/threadview?m=tm&bn=10602&tid=259337&mid=259344&tof=33&off=1
BACKGROUND
Rodger O. Riney founded Scottrade, Inc. in 1980 and serves as its President and Chief Executive Officer. Mr. Riney serves as Chief Executive Officer and President of Scottrade Center. In 1969, Mr. Riney joined Edward Jones & Co., a brokerage firm, and served as a it's General Partner since 1975. As an expert in financial technology, he led corporate strategy and operations for Scottrade, Inc. since its inception, including Scottrade's entry into Web-based trading and ... continued growth as an online brokerage. Mr. Riney served as a Director of Knight Capital Group Inc. (Formerly Knight Trading Group Inc.) until May 14, 2008. He served as an Advisory Board Member of Roundtable since March 1995. Mr. Riney received a B.S. degree in Civil Engineering in 1968 and an M.B.A. in 1969, both from the University of Missouri-Columbia.now he is president of knight trading.
http://investing.businessweek.com/research/stocks/private/person.asp?personId=780346&privcapId=4279857&previousCapId=4279857&previousTitle=Scottrade,%20Inc.
http://www.docstoc.com/docs/21718885/Public-Offering-Registration---KNIGHT-CAPITAL-GROUP-INC---5-1-1998
http://www.bnet.com/company/knight+capital+group+inc.
http://www.spoke.com/info/pYuFaZ/RODGERRiney
http://www.zerohedge.com/article/sec-votes-unanimously-favor-dark-pool-regulation
http://es-la.facebook.com/topic.php?uid=182617226830&topic=11849
UBSS and NITE are only retail players. Be more concerned about non-retail MMs.
Knowledge is power. Thanks for pointing this out. We will win against this criminal influence. The more we know, the more we can protect ourselves and fight against this destructive influence in the markets.
78% of all market making in the pinks and otc is performed by nite and nite's cohorts ubss and a few marketmakers who give trades to nite like etrade.
http://en.wikipedia.org/wiki/Cayman_Islands_Stock_Exchange
http://www.hedgeweek.com/2009/10/22/cayman-islands-stock-exchange
http://www.csx.com.ky/announcements/announcements.asp?Id=976
look
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20703150
http://www.csx.com.ky/announcements/announcements.asp?Id=976
the ubs ubss connection to naked shorting
Why List Structured Debt On The Cayman Islands Stock Exchange ...
Why List Structured Debt On The Cayman Islands Stock Exchange? ... UBS' Fourth Annual Transportation Structured Debt Conference Runs May 8-9 in New York. ...
www.encyclopedia.com/doc/1G1-162687421.html - Cached -
The Cayman Islands Stock Exchange - The Official Website of The ...
A detailed review of the Cayman Islands Stock Exchange. ... Merrill Lynch, Deutsche Bank, Chase Manhattan, Salomon Smith Barney, UBS and Lehman Brothers ...
cayman.getjamaica.com/cayman_islands_stock_exchange.htm -
why do these market makers like ubs and j p morgan chase need to be offshore in the cayman islands stock exchange?
nite sells the naked short to ubss. ubs sells to a client who wants it,in a numbered account in the cayman's stock exchange.
it is their proprietary market making system. since they are selling for a retail client at the end of the chain, they do not feel obligated to cover the naked short. it is really easy if you look on level2 you will see ubss working in and around nite. imho prove i am wrong.
there are no married puts in the pink or otc market, no need to be that exotic. it is simple stealing,from the unsuspecting u.s. people. all done offshore to hide everything.
This seems a bit confusing. Is there a link with more info on this? I would like to read more about how this works.
Yes, the Market Makers sell puts to hedge funds and then sell an equivalent amount of shares of fails to delivers to the hedge funds. This why they are called married puts.
There is no options market for OTC securities, therefore no puts or calls.
What Does Married Put Mean?
An option strategy whereby an investor, holding a long position in stock, purchases a put on the same stock to protect against a depreciation in the stock's price.
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